7890 E Spring Street 16e, Long Beach, California 90815, Long Beach, 90815 - 1 bed, 1 bath
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Long Beach, California 90815
This Condominium represents a Strong Value Opportunity, listed at a List Price of $350,000—positioned well below the $348,706 Fair Market Value by a negligible margin, reflecting a stable, market-aligned price. With a Condition Rating of 4, the unit offers a functional layout with a Lake View and Patio, though it requires cosmetic modernization. The robust community amenities, including Pools, Spa, and Fitness Center, provide significant lifestyle value. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a waterfront residence in East Long Beach.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7890 E Spring Street 16e Subject | $350,000* List Price | 1 | 1 | 734 | $475 | - |
A 7890 E Spring Street 21i Sold | $445,000 | 1 | 1 | 745 | $597 | 0.0 mi |
B 7890 E Spring Street 18f Sold | $396,000 | 1 | 1 | 960 | $413 | 0.0 mi |
C 7890 E Spring Street Active | $437,500 List Price | 1 | 1 | 734 | $596 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1973, the property is over 50 years old with an interior that appears to be 20-30 years old. The kitchen and bathroom feature dated white cabinetry, laminate countertops, and older fixtures. While functional and move-in ready, the presence of popcorn ceilings and aged appliances indicates the unit needs cosmetic updates to meet modern standards.
This downstairs unit is situated directly in front of the lake, featuring a private patio with serene water views that provide a rare, tranquil resort-style living experience.
The El Dorado Lakes community offers a robust amenity package including pools, tennis courts, a fitness center, sauna, and gated access, adding significant lifestyle value.
Located in the 90815 zip code near El Dorado Park and Cal State Long Beach, the property benefits from a prime East Long Beach location with strong rental demand and appreciation potential.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =521322, other record lot size in square feet = 521207.
At $625 per month, the association fees are relatively high for a one-bedroom unit, which may impact the debt-to-income ratio for buyers and overall monthly affordability.
Built in 1973, the property may require interior modernizations or face upcoming maintenance needs associated with older plumbing and electrical systems common in buildings of this era.
Welcome to 7890 E. Spring Street #16E, located in the highly desirable El Dorado Lakes community in East Long Beach. This downstairs 1-bedroom, 1-bathroom unit is located directly in front of the lake and features a patio overlooking the water, creating a peaceful and relaxing setting. Surrounded by lake/streams, mature trees, and beautifully maintained landscaping, the community offers a quiet resort-style atmosphere. Inside, the home features a functional open layout with natural light flowing into the living space and bedroom. The kitchen opens to the dining and living areas, creating a comfortable everyday living environment, while the spacious bedroom offers ample closet space. El Dorado Lakes offers resort-style amenities including pools, spa, sauna, tennis courts, fitness center, clubhouse, billiards room, meeting room, BBQ areas, and gated access. Conveniently located near shopping, dining, parks, Cal State Long Beach, and major freeways. Perfect for a first-time buyer, downsizing, or investment opportunity in one of Long Beach’s most desirable communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 734 | 932.5 | 43% |
| Lot Size | 521,322 | 175,687 | 64% |
| Price | $350.0K | $482.5K | 11% |
| Price per sq ft | $477 | $542 | 21% |
| Built year | 1973 | 1979 | 25% |
| HOA | $625.0 | $527 | 64% |
| Days on market | 26 | 155 | 7% |
May 18, 2026
$350,000
Initial Listing